Stamp Duty Calculator

Everything you need to know about the latest stamp duty changes

In early July, Chancellor Rishi Sunak announced a stamp duty holiday. The temporary changes to stamp duty will run from 8th July 2020 to 21st March 2021. The stamp duty holiday means that anyone buying a house up to the value of £500,00 will not have to pay any stamp duty fees. Landlords and second home buyers can benefit from the stamp duty holiday too but will have to pay the extra 3% of stamp duty they were subject to under the previous rates.

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Before the stamp duty holiday was imposed in early July, the levy had to be paid on all homes that sold for upwards of £125,000 (or £300,00 for first-time buyers). Until 31st March 2021 anyone buying a property under £500,000 will not pay stamp duty. Please note, this applies to England and Northern Ireland only.

What are the current stamp duty rates?

Now, and until 31st March 2021 buyers only pay stamp duty when purchasing properties over £500,000. The stamp duty holiday rates are as follows:

Property Cost Stamp Duty Holiday Rate
Up to £500,000 0%
£500,001 to £925,000 5%
£925,001 to £1.5m 10%
Above £1.5m 12%

Stamp Duty Calculator July 2020 – March 2021

Want to know how much stamp duty you would have to pay between now and 31st March 2021? Simply input the information required and our calculator will do the rest.


Stamp Duty Calculator Original Rates

Interested to see how much stamp duty you would have to pay under the original stamp duty thresholds? Put your information into the calculator, click calculate, and it will be figured out for you.


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Stamp Duty FAQs

What is a stamp duty holiday?

The stamp duty holiday announced by Chancellor Rishi Sunak is a temporary measure designed to help boost property transactions. Due to the coronavirus pandemic the property industry ground to a halt. The stamp duty holiday is part of the UK programme for recovery. The government hopes the holiday will encourage buyers to help the struggling housing market and rejuvenate the British economy in general.

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What were the stamp duty thresholds before the holiday?

Before the stamp duty holiday buyers didn’t pay any stamp duty when properties were under £125,000. The stamp duty rates were as follows:

Property Cost Stamp Duty Rate
Up to £125,000 0%
£125,001 to £250,000 2%
£250,001 to £925,000 5%
£925,000 to £1.5m 10%
Above £1.5m 12%

When do you have to pay stamp duty?

Typically, your solicitor will arrange for your stamp duty to be paid on your behalf. However, it is your duty to ensure it is paid within the correct timeframe. From the effective date of transaction (normally the date you complete) you have 14 days to file a Stamp Duty Land Tax return and pay any stamp duty.

Please note, even if the price of your property is less than the £500,000 stamp duty holiday threshold, a return must still be submitted to HMRC.

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What happens when the stamp duty holiday ends?

The stamp duty holiday is only a temporary measure to help kickstart the property market and boost the economy. As stated by the Chancellor, the holiday will only be effective until March next year. Only property sales which complete between 8th July 2020 and 31st March 2021 will benefit from the new holiday rates.

Unless the government release any more information, the normal stamp duty rates will be reinstated as of 1st April 2021.

What about Scotland and Wales?

The Welsh and Scottish governments are responsible for taxes in their respective countries. Therefore, the new stamp duty holiday only applies to England and Northern Ireland.

Information for Scotland and Wales can be seen below:

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